Nexen is a Canadian-based energy company with operations in strategic locations around the world including the North Sea, the Gulf of Mexico, offshore West Africa, Canada, Yemen and Colombia. With over 3,800 employees worldwide, our primary offices are located in Calgary, Houston, Uxbridge and Aberdeen.
Our goal is simple – to responsibly grow long-term value for shareholders by focusing on three growth strategies: conventional exploration and development, oil sands and shale gas.
Our opportunity portfolio is rich and diversified, with almost 10 billion boe to develop. We have a track record of profitability and a strong balance sheet. With industry-leading cash netbacks and new growth projects under way, we are well positioned to continue creating value for shareholders.
The way we work is just as important as the results we achieve. Our global reputation for sound governance, safe and ethical business practices and transparent disclosure helps ensure we are both an economic success and a responsible developer. We are also proud of our comprehensive stakeholder consultation processes which enable open dialogue with stakeholders. In addition, through our social responsibility program, we support meaningful projects in the communities where we operate.
Latest Nexen News
HARKAND, a leading global name in subsea inspection, repair and maintenance and light construction, has been awarded Nexen Petroleum UK Ltd's 2014 ROVSV inspection services work along with a longer term frame agreement. The contract marks the first piece of work Harkand has undertaken for the o... Thursday, July 17, 2014
Atlantic Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK) announces that the initial production testing from the Blackbird Field second production well, 20/02a-B3, has achieved sustained rates of over 7,000 bbls/day (c. 660 bbls/day net to Atlantic Petroleum), which was constrained b... Tuesday, July 15, 2014
CNOOC Limited (NYSE: CEO, SEHK: 00883, TSX: CNU) announced its annual results for the year ended December 31, 2013. In 2013, the Company continued to increase its investment in exploration. Benefitting from the Company's cognitive innovation and technological advancement, 18 new discoveries wer... Friday, March 28, 2014
CNOOC Limited (NYSE: CEO, SEHK: 00883, TSX: CNU) announced a summary of the Company's business strategy and development plan for the year 2014. The Company's net production target of 2014 is in the range of 422 to 435 million barrels of oil equivalent (BOE), including approximately 69 milli... Monday, January 20, 2014
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AMEC, the international engineering and project management company, has been appointed by Nexen Petroleum UK Limited, a wholly-owned subsidiary of CNOOC Limited, to provide engineering, procurement and construction (EPC) services for their North Sea offshore assets. Nexen is a significant contributo... Monday, January 6, 2014